The Consumer Price Index (CPI) remains unchanged in May, signaling that disinflation may be underway. Mastercard Economics Institute Chief US Economist Michelle Meyer joins Morning Brief to discuss the May CPI report and what it indicates about the consumer.

"I would say that the consumer is empowered right now. We're here right now at our annual conference for Mastercard, the Mastercard Connections Conference, where we're talking to our biggest clients about the state of the consumer, about what they're seeing on the ground. And it's very clear that the consumer is still engaged, they are still spending, but they are empowered. They're making choices in how they want to deploy their purchasing power. And I think that's showing up in the inflation data that we saw today as well," Meyer tells Yahoo Finance.

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This post was written by Nicholas Jacobino